Hogs

Chicago | Reuters –– Chicago Mercantile Exchange live cattle nearby trading months closed up the maximum three-cents-per-pound daily price limit, driven by short-covering and fund buying, traders said. October and December finished at 158.45 and 162.1 cents/lb., respectively (all figures US$). Deferred contracts may have drawn support from the outlook for tight supplies in the […] Read more

Chicago | Reuters –– Chicago Mercantile Exchange lean hogs closed lower on Thursday, pressured by active U.S. stock market selling as the dollar surged to a four-year high, traders and analysts said. The strong dollar makes U.S. goods including pork less attractive to foreign buyers. Hog futures’ losses mounted after nearby trading months drifted below […] Read more

Chicago | Reuters –– Chicago Mercantile Exchange lean hogs posted modest losses on Wednesday amid uncertainty regarding near-term prices for slaughter-ready or cash hogs, traders said. October hogs closed 0.425 cent per pound lower at 107.45 cents, and December at 95.2 cents, down 0.05 cent. The U.S. Department of Agriculture’s Wednesday morning direct cash hog […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle closed narrowly mixed on Tuesday after a volatile session, pressured by lower wholesale beef values but supported by futures’ discount to last week’s cash prices, traders said. October live cattle finished down 0.05 cent per pound at 155.45 cents, and December up 0.075 cent to 158.725 […] Read more

Chicago | Reuters –– Chicago Mercantile Exchange live cattle closed mixed on Monday, pressured by last week’s lower cash prices but supported by bear spreads, traders said. Bear spreads consisted of investors who bought back months and simultaneously sold nearby contracts with the view that Friday’s U.S. Department of Agriculture monthly Cattle-On-Feed report confirmed tight […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled mixed on Friday on positioning before the U.S. Department of Agriculture’s monthly Cattle-On-Feed report. Analysts expect the data at 2 p.m. CT to show fewer cattle were placed in feedyards last month due to sufficient pastures that allowed ranchers to fatten livestock longer outside […] Read more

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures slumped more than two per cent on Wednesday, pressured by lower prices for slaughter-ready or cash hogs and pork at wholesale, traders said. October closed 1.775 cents per pound lower at 105.1 cents, and December at 93.9 cents, down 2.025 cents (all figures US$). Wednesday […] Read more